Using a credit card is more expensive because the credit card companies charge retailers a percentage of each transaction - that's largely how they make their money.
A discount given to the buyer if he/she pays in cash rather than credit
It is non cash since you credit the inventory account rather than cash.
Debit Purchases Credit Cash
Debit Cash Credit Sales
Customers buy on credit for a few reasons, the main one is that at the time of purchase they may not have the required cash for the purchase. Also, customers will buy on credit because it's easier than carrying cash, they can keep their cash on hand and make payments toward the purchase instead of being out the amount of cash at that time.
Not generally. Cash advances from credit cards are expensive, as they have the highest interest rates and per-transaction fees.
A discount given to the buyer if he/she pays in cash rather than credit
Take all your friends out to an expensive resturant. Put it on your credit card (normal charge no cash advance fee). Then have everyone pay their portion of the bill to you in cash. I like to call it the meal ATM :-)
A cash advance is when you borrow cash against your credit card. When you borrow cash you will usually pay a much higher interest rate than you would for purchases.
Cash advance on a credit card is obtained by using the credit card in an ATM machine and taking more than the balance of your account. Then one goes into cash advance state, where one gets cash in advance.
When that person physically doesn't have enough cash on them at the time of making a expensive purchase.
Taking out a cash advance on your credit card is risky, expensive, and carries the potential for debt if you don't quickly repay it. Knowing that before you swipe your credit card at the ATM may help you make better decisions about the way you use a credit card cash advance.
It is non cash since you credit the inventory account rather than cash.
You can negoitate a better rate if you use cash than credit. Dealers like cash.
Many consider credit cards are more harmful than cash because with credit cards, it is very easy for people to be heavily indebted. Also, many people are becoming victims of credit card fraud.
Debit Purchases Credit Cash
Debit Cash Credit Sales